The importance of tokenizing one of the most valuable sectors which has raised many billionaires aside the technology sector, the real estate sector is gaining ground. Few days ago, manhattan property a real estate established tokenized their real estate properties through a launch of $30 million fund raising in the ethereum blockchain.
Smartlands, a platform that helps in providing tokenized tokens on the Stellar blockchain, in their goal to put the manufacturing, real estate and agriculture sectors on the Stellar blockchain, is in partnership with one of the largest real estate establishment in the world by name Colliers International so as to tokenize real estate properties in the Stellar platform.
Responding to the effect of this partnership on the role of financial institutions on the real estate sector, Arnoldas Nauseda, CEO of Smartlands said that the partnership will be:
“Creating liquidity for a property of any kind was always a main challenge for the real estate industry. Also, legacy finance institutions rule the real estate space with an iron fist and are showing very little willingness to let up the pressure, adopt new technologies and embrace the Zeitgeist.”
He Continued By Saying,
“Smartlands Platform approached Colliers International with a ready technological solution for tokenizing ownership of the real-world assets in a fully compliant legal framework, which instantly solves virtually all problems of the real estate industry. Colliers was perceptive enough to enter the partnership immediately.”
Colliers specializes in commercial real estate and have properties in sixty-nine countries. Last year the company reported $2.7 billion in revenue, with over two billion square feet of real estate.
Also Ramune Askiniene, CEO of Colliers International Advisors in Lithuania,that reported a $2.7 billion revenue in 2017 and more than two billion square feet of real estate stated that:
“The global financial and commercial landscape clearly shows trillions of dollars worth of real estate ripe for tokenization. We at Colliers are positive that digital entrepreneurship of the new post-ICO era of security tokens will have a significant impact on redefining wealth creation, investing, fundraising, and a host of other Internet-based commercial activities. Colliers is pleased to cooperate with the Smartlands Platform who appears to have a perfect grasp on asset tokenization on Stellar.”
As At The Time Of Writing, Stellar XLM Coin Price is at $0.024 with A Market Capitalization of $4,615,722,684, New Updates and Announcements have been flowing in and out of the stellar Community and has kept the Coin Price a bit stable and less bearish trends.
Commenting On Stellar’s Sub Reddit, A User with the Monika Mondy0831 said,
This is so much bigger than most folks realize. Stories like this trickle out and get very little hype or exposure because they are not marketed as game changing. But in reality, they are! If this were some other coin, it would be the biggest news of the year. But for Stellar, it’s just another Friday.
I originally thought transactions and velocity of payments would drive Stellar success, but tokenization is a whole other level. Think about it, Smartlands tokenizing real estate will bring in high-end, expensive properties through Colliers and the tokens will reflect the value of the assets themselves, meaning that the value of the network will increase. That doesn’t include the value of the volume of transactions!
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